Dollar live today: the free quote climbs to $418 and financial currencies rise

After touching $421, the free dollar He returns three pesos of the day’s advance and once again stands at $418 for the purchase. The daily advance is thus limited to ten pesos.

With the wholesale dollar at $216.90, the currency gap is stretched to reach 93 percent.

The dollar counted with liquidation it goes up 12 pesos in the day and climbs to $425 per unit. Its sister quote, the MEP dollaralso makes great strides and reaches $411, a new all-time high.

In the City, traders surprised by the sudden acceleration of parallel dollars rehearse possible responses to what factor explains the rise. One of the main ones has to do with the guarantee that the debt swap had in the hands of public organizations yesterday and that would generate a transformation in the cash market with liquidation.

This is because the bonds to be exchanged, and that would be used to try to keep the liquid at bay, are Bonares governed by Local Law. Today, the market is supported by Global bonds governed by New York Law.

“The transition begins and they are not the same markets,” said an operator.

Another weight of advance for the free price of the dollar, which stretches to $13 the advance of the day. He free dollar Thus, for the fourth time on the wheel, it beats its historical nominal record and stands at $421 for sale and $417 for purchase.

He free dollar twelve pesos soar so far this day, to reach a new all-time high of $20 for sale and $416 for purchase. It is a new historical nominal maximum for the informal price, the third that it registers in the day.

The effervescence of the free dollar goes hand in hand with equally bullish wheels for financial dollars. The dollar counted with liquidationat $419 per unit, rises six pesos in the day, while the MEP dollarat $407.37, wins almost 10 units on the wheel.

Argentine sovereign titles in dollars suffer a significant punishment in Tuesday’s session. The global bondsgoverned by New York Law, lose up to 2.45% on the day, while the Bonares governed by Local Law they fall back to 1.84 percent.

As a result, the JP Morgan Embi+ index for Argentina -the “country risk”- climbs 36 units to 2,451 points.

Yesterday, the UBA released an opinion in which it supported the debt swap proposal in the hands of public entities with which the Government aspires to add firepower to contain the dollar.

The volatility in the prices of the titles that are used for the purchase and sale of financial dollars explains in part the jump of the dollar counted with liquidation.

He free dollar It rose to $411 for sale, stretching the day’s advance to three pesos. More important is the advance of the dollar counted with liquidationwhich reaches $417.99, an advance of nine pesos on the day.

The Port bag it rose again on Tuesday, for the eighth consecutive session, encouraged by a greater appetite for risk placements, which prompted the leading benchmark to renew all-time high levels.

The leading index S&P Merval it gained 0.61%, to 283,014.72 points, at 11:05 in the morning after marking a ceiling value of 283,291.35 in the first entries.

The Merval accumulates a rise of 12.65% in eight business sessions.

“Purchases of stock positions as hedges against high inflation (Argentina) and speculation of changes in an election year are combined with external points that play in favor of the market,” an operator told Reuters.

The improvements in the Argentine market were led by shares in the energy and financial segments given good prospects for the short and medium term, commented analysts.

He free dollar It rises two pesos this Tuesday to reach $410 for sale and $406 for purchase, a new historical nominal record. The currency gains $17 so far in April.

With the dollar wholesaler amounting to $216.90, the currency gap It now stands at 89 percent.

The bullish dynamic is not exclusive to the “blue”. Also the financial prices of the dollar scale positions. The dollar counted with liquidation rises 6 pesos to $415.54 and the MEP dollar another five pesos to reach $404 per unit.

The projections of inflation for the next few months they have been getting worse in recent days and that inflation floor of 6% per month that the economic consultants had been estimating has now become an almost encouraging figure. The floor is getting higher. After knowing the price increase data of March -the highest since April 2002- economists are already warning that inflation this month April will be around 7%driven by a higher-than-expected rise in food and the impact of the increase in electricity rates, among other factors.

He free dollar closed at $408 for sale and $404 for purchase, marking a strong rise from its closing price of 400 pesos last Friday. With the dollar wholesaler advancing to $216.39 for sale, the currency gap grew to 88 percent.

Financial dollars also closed higher. The dollar counted with liquidation traded at $413.97, the same as the MEP dollar which traded at $397.77, in both cases above the price of the previous week.

At Banco Nacion, the retail dollar it also accompanied the rise and settled at $222.50 for sale and $214.50 for purchase.

The agricultural sector settled foreign currency for just over USD 153 million yesterday. The Central Bank ended the day with a positive balance of USD 73 million.

He S&P Merval he scored his seventh climb in a row. The country risk increased and once again exceeds 2,400 points.